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'We are nearing the end of the first review,' FinMin Tsakalotos tells Parliament

'We are nearing the end of the first review,' FinMin Tsakalotos tells Parliament

Opposition criticism and dire warnings that Greece will be forced to activate an automatic contingency mechanism or "spending cutter" were "...

IMF's Velculescu sees economic recovery from 2017

IMF's Velculescu sees economic recovery from 2017

Greece needs further cuts to pensions and a fairer distribution of the tax burden but should see its economy begin to recover from the follo...

PM Tsipras: Refugee crisis a global challenge

September 22, 2016

PM Tsipras: Refugee crisis a global challenge

The refugee crisis we are facing today is a global challenge. We will either manage to address it to...

PM Tsipras: Greece needs a stable and sustainable solution on debt

September 21, 2016

PM Tsipras: Greece needs a stable and sustainable solution on debt

The Greek debt, the refugee issue and the Cyprus problem dominated a meeting between Prime Minister ...

If world fails to tackle migration issue, 'repercussions will be felt everywhere,' Tsipras says

September 20, 2016

If world fails to tackle migration issue, 'repercussions will be felt everywhere,' Tsipras says

The refugee and migrant crisis is a global challenge that no single country can face alone, Greece's...

POLITICS

Greece's positions on labour issues are strengthened by Committee of Independent Experts' report, Katrougalos says

28-09-2016 No comments

Greece's positions on labour issues are strengthened after the report of the Committee of Independent Experts, Labour Minister George Katrougalos said in statements to the Athens-Macedonian News Agency stressing their importance of Greece returning to European normality.

Hyperfund an opportunity for 'strategic restructuring' of state sector enterprises, FinMin tells Parliament

28-09-2016 No comments

Addressing the Greek Parliament on Tuesday, during the debate on the omnibus bill for prior actions demanded by Greece's creditors, Finance Minister Euclid Tsakalotos denounced what he said was a "campaign of lies" surrounding the new 'hyperfund' and the obligation to carry out privatisations. According to the minister, the so-called 'hyperfund' was an opportunity for strategic restructuring of state-owned enterprises, and to link their operation to growth and sectoral policy.

Legislation on bad loans is the result of negotiations, Economy Min Stathakis says

27-09-2016 No comments

"The legislation on bad loans is the result of negotiations," Economy Minister Giorgos Stathakis said in statements to ANT1 TV on Tuesday.

EU's Verwey notes Greece's progress and problems in handling refugee crisis

27-09-2016 No comments

Greece has made progress in the past year in the management of the refugee crisis, the EU Coordinator to implement the EU-Turkey deal, Maarten Verwey, told journalists in Brussels on Monday.

ECONOMY

BoG official blames Attica Bank shareholders for lender's failures

28-09-2016 No comments

Serious failures, delays, unwillingness to comply to suggested changes from the Bank of Greece and the actions of shareholders were among the main problems identified by the Bank of Greece (BoG) in the operation of the ailing Attica Bank, according to the testimony of a central bank official in parliament on Tuesday.

Greek stocks end slightly lower

28-09-2016 No comments

Greek stocks ended slightly lower in the Athens Stock Exchange on Tuesday amid a negative climate prevailing in other European markets on concern about developments in Deutsche Bank as its share price fell to new all-time lows.

Greek state budget records primary surplus of 3.751 bln euros in Jan-Aug

28-09-2016 No comments

The Greek state budget recorded a primary surplus of 3.751 billion euros in the January-August period, slightly down from a surplus of 3.798 billion in the same period last year, but sharply up compared with a budget target for a primary surplus of 980 million euros.

Bank credit of the domestic private sector in Aug 2016

28-09-2016 No comments

In August 2016, the annual growth rate of total credit extended to the domestic private sector stood at -1.7% from -1.6% in the previous month. The monthly net flow of total credit to the domestic private sector was negative at 904 million euros, compared with a negative net flow of 630 million euros in the previous month.

SOCIETY

Former head of Greek Church NGO to face trial on serious embezzlement, breach of trust charges

28-09-2016 No comments

The former manager of the Church of Greece non-governmental charity "Allileggii" (Solidarity) and three alleged accomplices were on Tuesday indicted to stand trial on serious charges ranging from embezzlement of public funds to breach of trust. The charges relate to the management of money given to the NGO in 2005-2006 for actions and activities not carried out.

French man to be deported after crashing into police car

27-09-2016 No comments

A misdemeanors court in Thessaloniki on Monday gave a 49-year-old French national a 15-year suspended sentence for damaging private property, attempted bodily harm and defiance against police following a car crash with police officers.

Savvidis' company next in line for TV licence after Kalogritsas withdraws

27-09-2016 No comments

After the withdrawal on Monday of businessman Ioannis Kalogritsas from the process for awarding four nationwide TV content broadcasting licences, Dimera Media Ltd, the company of Ivan Savvidis, in next in line for a licence, followed by Alpha, the company of Dimitris Kontominas.

About 1,500 unaccompanied children live in precarious conditions in Greece, say NGOs

26-09-2016 No comments

About 1,500 unaccompanied children refugees are on a waiting list for placement in suitable accommodation centers and live in precarious conditions in camps, hotspots, pre-removal centers or police stations, NGOs Praksis, Doctors Without Borders and Save the Children said in a joint report.